Investing

In keeping with our longer-term prediction for gold, we believe a major low in silver will be coming shortly, which could result in a near-term rally of significance, but setting up a much longer-term bull market for the metal.

When it comes to pharmaceutical-sector deals, executives are split: Will activity increase by a little or a lot?Pharma companies spent a combined $211.7 billion on deals in the year’s first half, according to a Mergermarket Group report. Executives surveyed were unanimous in their belief deal volume will increase in the next year. About 64% of respondents predict deals will increase “somewhat,” while the remainder believes activity will jump “significantly.” The executives were more divided on the reasons why. The most popular one, cutting costs and tax rates, accounted for about a third of responses. Increasing demand in growth markets was a close second. Activist investors weren’t getting much due for the deal wave. “Shareholder pressure” accounted for just 8%.But as long as deals bump up share prices, executives aren’t likely to care who—or what—gets the credit.

China’s stock markets sold off sharply ,despite an interest-rate cut from the country’s central bank over the weekend, with the benchmark Shanghai Composite falling more than 20% from June highs to close in bear territory. Photo: Getty Images.

The man who ran the now-collapsed bitcoin exchange Mt. Gox was arrested in Tokyo on Saturday, according to numerous press reports. Japanese police allege Mark Karpeles accessed the exchange's computer system and inflated his dollar account by $1 million. If found guilty, he could face up to five years in prison or be fined about $4,000. Karpeles denies wrongdoing, his lawyer said. Mt. Gox once accounted for 80% of all bitcoin trading. In early 29014, it blamed hacking attacks and software glitches for the loss of 850,000 bitcoins, worth about $500 million at the time. It filed for bankruptcy protection soon after.

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